Ahold Plans To Sell BI-LO and Bruno’s
By George Anderson
The changes keep coming for Ahold as it announced yesterday it intends to sell its BI-LO and Bruno’s supermarket chains in the Southeast.
Ahold is looking to make the deal to pay down debt and focus on the company’s other grocery properties in the U.S., including Stop & Shop, Giant-Landover, Giant-Carlisle, Tops, and Peapod.
Anders Moberg, Ahold’s president and chief executive officer said, “We believe that BI-LO and Bruno’s are both powerful brands and will have a bright future under new ownership. We hope to identify buyers whose strategic priorities include further strengthening these businesses to succeed in a competitive but fast-growing marketplace.”
Moderator’s Comment: What different scenarios can you see taking place with a possible
sale of BI-LO and/or Bruno’s?
The press release put out by Ahold includes a number of quotes with a single theme. BI-LO and Bruno’s are positioned to be extremely successful in their
markets as long as they’re owned by some other company than Ahold. – George
Anderson – Moderator